Bitcoin Under Inflationary Pressure in the U.S.—Will the Decline Continue?
Bitcoin is facing selling pressure after falling to around $82,767, down 0.72%, as markets worry that U.S. inflation has risen to 3.7%, exceeding expectations of 3.6%. This could increase the likelihood of continued monetary tightening and reduce the chances of interest rate cuts, while supporting the U.S. dollar.
Technically, the 15-minute chart shows clear seller dominance, with the price trading below the moving averages (7, 25, and 99). This points to continued weakness in upward momentum and the possibility of a short-term correction extending further.
Key technical levels:
Support: $82,600, followed by $82,250.
Resistance: $82,950, followed by $83,400.
Potential scenarios:
🔴 Bearish scenario: A break below $82,600 and sustained trading beneath it could increase selling pressure and push the price to test $82,250.
🟢 Recovery scenario: Reclaiming $83,400 could give buyers an opportunity to regain upward momentum and improve price action.
Ultimately, Bitcoin’s movement will remain tied to how markets respond to inflation data and interest rate expectations. It is therefore best to monitor key levels and wait for confirmation of the trend before making any trading decisions.
$BTC
Bitcoin is facing selling pressure after falling to around $82,767, down 0.72%, as markets worry that U.S. inflation has risen to 3.7%, exceeding expectations of 3.6%. This could increase the likelihood of continued monetary tightening and reduce the chances of interest rate cuts, while supporting the U.S. dollar.
Technically, the 15-minute chart shows clear seller dominance, with the price trading below the moving averages (7, 25, and 99). This points to continued weakness in upward momentum and the possibility of a short-term correction extending further.
Key technical levels:
Support: $82,600, followed by $82,250.
Resistance: $82,950, followed by $83,400.
Potential scenarios:
🔴 Bearish scenario: A break below $82,600 and sustained trading beneath it could increase selling pressure and push the price to test $82,250.
🟢 Recovery scenario: Reclaiming $83,400 could give buyers an opportunity to regain upward momentum and improve price action.
Ultimately, Bitcoin’s movement will remain tied to how markets respond to inflation data and interest rate expectations. It is therefore best to monitor key levels and wait for confirmation of the trend before making any trading decisions.
$BTC